Visited mine earlier this year. Has been around for 80 years. High Grade. Had a longer ramp up compared to others this decade. They had to train a work force. Increased hoisting capacity to get more waste and ore out of the mine. They are expanding their mill. Are addressing every issue they have. Thinks they will get through.
Visited mine earlier this year. Has been around for 80 years. High Grade. Had a longer ramp up compared to others this decade. They had to train a work force. Increased hoisting capacity to get more waste and ore out of the mine. They are expanding their mill. Are addressing every issue they have. Thinks they will get through.
Sold part of their company to AUX. Columbia. Existing small scale mine. Some interesting resources. Early stages, Interesting. Have to prove it up.
Market doesn’t care about these small exploration stocks right now. Have a deposit in Timmins right next door to Gold Corp. It is truly spectacular. Gold Corp could make a bid for them some time.
Brazilian mine going into production this fall. A property in Romania with millions of ounces of gold and copper. ABX took a stake in it several years ago. It is frustrating that companies are not being paid for what is in the ground and they will be producing. It will pick up.
A fabulous team. Have their hands in the fire in several different places in the Red Lake Camp. Surprised G-T has not taken them out. Thinks they will find even more oz in resources.
(Top Pick Oct 30/12, Down 27.81%) Continues to be a good mine in Mexico, creating free cash flow and ramping up production. It is just that the market is off and you can’t do anything about that. The gold price will dictate what happens.
Added to his position recently. A low cap-X project. Not a huge deposit, but 90-100,000 oz per year. He quite likes it. In a more positive market he would have expected a lot of yesterday’s news.